Press Releases

Company to create 2,000 full-time technology roles including the
conversion of contractor roles to full-time positions in addition to new
roles; Visa to open new tech center in India

FOSTER CITY, Calif.--(BUSINESS WIRE)--Sep. 24, 2014--
Visa Inc. (NYSE:V), the global leader in payments, today announced that
it will strengthen its technology resources by creating 2,000 full-time
technologist positions. These positions will be a combination of new
roles and existing contractor positions that are being converted to
full-time positions. Visa also plans to open a new technology center in
India. The combination of these initiatives will help accelerate the
shift to electronic payments and drive innovation in mobile and digital
platforms.

Visa plans to recruit professional technologists, many in specialized
areas, to enhance its teams in India, Singapore and four U.S. locations.
Recruitment efforts, which are currently underway and will continue
through 2017, will focus on a range of technology needs spanning data
scientists, engineers, platform architects and mobile developers.

“Visa is fortunate to already have some of the most accomplished and
motivated industry technologists at the company today,” said Rajat
Taneja, Visa’s executive vice president of technology. “This investment
allows us to strengthen our talent pool globally, and bring more of it
in-house, providing greater opportunity for professionals to grow their
careers with the technology payments leader.”

In 2015, the company plans to open a new technology development center
in India. Teams there will focus on the development of key application
programming interfaces (APIs) and software development kits (SDKs),
helping an expanding group of global partners to more easily access
VisaNet when creating new commerce and payment experiences. The first
set of these new developer tools will be publicly released before the
end of 2014.

Visa is also bolstering its technology talent in Austin, Texas and the
San Francisco Bay Area, and will focus some of these positions in
support of its two world-class data centers in Ashburn, Virginia, and
Denver, Colorado.

“Visa’s size and scale allows technologists to work on meaningful
initiatives that have the ability to change how commerce is conducted
for millions of consumers and companies globally,” said Taneja. “We are
looking for creative, entrepreneurial tech professionals who want to
build the next generation of payment products and platforms, will bring
engineering insights to our global processing network, and are
passionate about partnering with technology and commerce leaders shaping
the payments experience.”

Roll-out of New Visa Technology Initiatives

Over the last month, Visa has announced aggressive plans to deliver Visa
Digital Solutions, a comprehensive suite of offerings that will
facilitate secure payments across a broad range of Internet-connected
devices and wearables. Additionally, the company introduced Visa
Checkout, a quick and easy payment service that allows consumers to
pay for goods online, on any device, in just a few clicks. The service
is currently offered in the U.S. and Canada and will also be available
in Australia later this year.

Visa recently opened a 112,000-square foot innovation center, One
Market, at its new office space in San Francisco. One Market is
specifically designed to enable Visa technologists, clients, partners
and the Bay Area tech community to co-develop the next generation of
commerce applications.

Visa Inc. (NYSE: V) is a global payments technology company
that connects consumers, businesses, financial institutions, and
governments in more than 200 countries and territories to fast, secure
and reliable electronic payments. We operate one of the world's most
advanced processing networks — VisaNet — that is capable of handling
more than 56,000 transaction messages a second, with fraud protection
for consumers and assured payment for merchants. Visa is not a bank and
does not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products. For more information,
visit usa.visa.com/about-visa,
visacorporate.tumblr.com
and @VisaNews.